Can foreigners really own property in Mexico?

es! Today, Mexican laws give foreigners the ability to own real estate in Mexico. There is, however, a Restricted Zone that extends 50 km inland from the coastline. Outside the Restricted Zone, a foreigner may acquire land and be direct owners of the property with all the rights of a Mexican national in compliance with Mexican Law. Inside the Restricted Zone, there are two alternatives for foreigners who wish to buy real estate. Since 1973, foreigners have been able to purchase coastal property through a Mexican bank trust, known as a Fideicomiso.

Can I get financing for my real estate purchase in Mexico?

Unfortunately, at this time, there are no financing or mortgage options for foreign buyers in Quintana Roo. This can change at any time and updates will be posted.

What about the availability of title insurance?

Beginning in 1996, Stewart Title Mexico began underwriting title insurance for Mexican properties at an approximate cost of 1% of the insured amount. Other types of insurance, including property, liability, damage, and earthquake, are all readily available in Mexico, at low cost, and policies can be written to pay claims in U.S. dollars.

What can I expect to pay in property taxes?

Property taxes have historically been low in Mexico because they have never been considered a source of governmental revenue. Known as Predial, the tax is calculated as a percentage (currently .25% of the assessed value), determined at the time of sale. Generally speaking, you can expect to pay $100usd per $100,000usd of assessed value yearly.

Who will manage my property when I am not using it?

Choosing the right Property Management company can mean the difference between an excellent appreciating investment and a huge liability. If you are a property owner in search of Property Management, we are happy to be able to refer you to the best, most professional Property Management companies and will gladly arrange a meeting with their teams. The right management company for you will take the time to a construct a cohesive plan that will best serve your particular needs and help you to realize your property's maximum potential and protect your investment.

Why should I consider buying property in Mexico?

The coastal real estate market in Mexico is booming. Mexico's economy, the 9th largest in the world, values and encourages foreign investment dollars and especially tourism; Mexico is a top world-destination for both vacation and retirement among US and Canadian

Playa Del Carmen and Tulum Mexico Real Estate | Koai Penthouse | Condo for sale in Akumal

Koai Penthouse

Sirenis (Akumal, Quintana Roo, MX - 77750)…

2Beds 2Baths $393,500USD

$393,500 USD
$6,752,460 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Akumal
Property Size: 246.34 sq. mt.
Property ID: 585163729
Beds: 2
Baths: 2

Gorgeous ocean view penthouse with resort-style amenities

This penthouse condo for sale at Grand Sirenis in Akumal offers inviting indoor-outdoor spaces and all the perks of living in a resort community. The Grand Sirenis complex is full of lush green spaces with several cenotes and walking paths throughout. Nestled in a 550-acre Riviera Maya resort, the property is surrounded by jungle and located just minutes from the natural beauty of the Caribbean coast. This desirable resort community is safe and quiet with controlled access and 24-hour security.

This updated 2-bedroom, 2-bath ocean view penthouse has everything you could want in a vacation home or a year-round residence. It features a spacious open floor plan and gets tons of Caribbean sunshine. It has a fully equipped kitchen with an island and premium appliances, a sun-filled living room and dining area, and two large screened-in terraces. A staircase leads up to the huge private rooftop with a jacuzzi, an outdoor grill area, and panoramic ocean and jungle views. This is a lovely spot to bask in the sun or dine al fresco under the stars. Plenty of kitchen storage space and closets in the bedrooms make this space comfortable for everyday living and a breeze for your vacation guests. This penthouse shines with tile floors and top-quality finishes. It is being offered for sale fully furnished and equipped with all the practical amenities that you would expect, including ceiling fans and air conditioning.

The Koai building has a garden level community pool and sundeck with chaise lounge chairs that you and your guests will love. The landscaped grounds are beautifully maintained with palm trees and tropical vegetation. Owners and guests can also enjoy all the benefits of life in Grand Sirenis resort, including access to a private beach, preferential rates for Day Passes at the Grand Sirenis hotel, and great discounts at the Jungle Fish Beach Club, located just a few kilometers away.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this penthouse will bring many years of personal enjoyment while providing an excellent income if used for vacation rentals. Contact one of our friendly and knowledgeable agents today for more information.

Amenities

Interior features/finishes

Ceiling Fan

View

Jungle
Ocean View
Panoramic

Lot Features

Courtyard
Garden Area
Landscaped
Lawn
Swimming Pool
Trees / Shrubs

Appliances

Microwave
Outdoor Grill
Oven Range
Refrigerator
Stove
Washer/Dryer

Extra Features

Covered Patio
Formal Dining
Furnished
Pets Allowed
Roof Terrace
Solar Power
Sprinkler System
Updated

Parking Spaces

Year Built

2008

HOA Fees

$336 USD

Taxes

$440 USD

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Koai Penthouse | Condo for sale in Akumal

Koai Penthouse